More deals, less hassle.
Grow your business with Quorum.
You work with a stable of lenders. You know that each has specific strengths and limitations. And you also know that good borrowers may not always fit their mold.
Sometimes your preferred lenders just need an extra edge.
Nearly one in six consumers encounters a problem during the loan origination process—and obstacles are not limited to poor credit. For example, Millennials, who account for nearly half of recent home purchases, often have difficulty accumulating the standard 20 percent down payment. Although they may earn good salaries, they tend to have careers where housing is expensive and struggle to save a down payment while paying high rents and student loans.
Despite market realities like these, a single exception can be a deal breaker.
At Quorum, we’ve made it our mission to make these challenging deals work—so you can be the hero. Our creative financing options help you unlock opportunities for your customers without lots of additional paperwork, costs or delays.
Break free from lender limitations.
Supplement a first mortgage with a Quorum home equity line of credit, and you can get more deals done.
What kind of challenges can you overcome?
Avoid PMI. Use a HELOC to fund a larger down payment. You’ll give your clients more flexibility and ways to save.
Avoid high Jumbo mortgage rates. We can fund up to $500K to help your clients obtain more advantageous financing on premium properties.
Increase CLTV. When your clients are short on cash or have better use for the cash they have, we can offer up to 95% combined loan to value.
Gain greater flexibility. Help clients afford to buy a more desirable home or finance an investment property by adding a Quorum HELOC to their financing.
We make it easy to clear any hurdle.
Because we’re 100 percent committed to your success, we make the whole process as simple and painless as possible. With Quorum, you’ll benefit from:
Minimal paperwork. Use the same application you submitted for the primary mortgage.
Common-sense underwriting. We take the time to tailor financing to each borrower’s needs.
Realistic credit requirements. Our minimum FICO score is 680.
Responsive, personalized service. Our dedicated team is available 24/7, 365 days a year.
Fast approvals. Count on a quick pre-approval and a fast final answer, often in the same day.
Best of all, we make it easy to do business with us.
We don’t require broker agreements or signup fees, and we fund properties in every state but Texas—so you can be earning more money in less time. As a Quorum partner, it’s easy to build a reputation for outstanding customer service and creative problem solving.
Quorum Federal Credit Union is a leader in innovative mortgage credit solutions. For more than a decade, our alternative lending products have helped our clients the grow their businesses and create win/win situations for borrowers and originators.
Founded in 1934 as the exclusive credit union for Kraft Foods employees, Quorum provides exceptional service and market-leading rates to more than 70,000 members in across the U.S. Headquartered in Purchase, NY, Quorum offers a select portfolio of products includes savings accounts, home loans, student loans, credit cards, and more.
Banking That’s Good. For You.™
Quorum Federal Credit Union is a leader in innovative mortgage credit solutions. For more than a decade, our alternative lending products have helped our clients grow their businesses and create win/win situations for borrowers and originators. To learn about how we serve our members visit quorumfcu.org.
© 2019 Quorum Federal Credit Union. Serving members since 1934.